InstructionsYour employer is the owner of a building used for the manufacturing of light industrial equipment. They would like you to create a first draft lease agreement between themselves and another business that would like to lease their building. After you create this first draft, it will be evaluated by outside legal counsel.Lease DetailsThe owner of the building is ABC Property Managementthe lessee of the building will be XYZ Drone Manufacturingthe building is located at 2346 Industrial Dr. Anytown WIthe cost is $2000 per month, payable at the beginning of the monththere is no down payment or safety depositthe lessee is responsible for any damage to the structure during the course of their leasethe lease will be for three yearsthe lessee is responsible for the provision of all utilities, including any buildout necessary for their provisionthe lessor is responsible for all routine maintenancethe lessor has insurance covering the building itselfthe lessee is responsible for any insurance on the contents of the buildingthe lessee is responsible for any claims related to activities performed in the buildingthe lessee cannot substantially change the type of manufacturing occurring during the term of the leasethe lessee must not create, use or store any hazardous materialsthe lease will automatically renew at the end of its term without written notice of terminationthe automatic renewal will include an increase in the price of 3%Find a boilerplate lease agreement that fits this general fact pattern.Create a first draft of the lease to present to your employer.SubmitWord Document containing:Lease Agreement including the details presented aboveA separate list of comments, concerns or questions that you would ask your employer and outside legal counsel during the initial review of this lease.
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